REFERENCE CODE GDHC482 DFR | PUBLICATION DATE OCTOBER 2014 EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) - FORECAST AND MARKET ANALYSIS TO 2023
REFERENCE CODE GDHC482DFR | PUBLICAT ION DATE OCTOBER 2014
EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) -
FORECAST AND MARKET ANALYSIS TO 2023
Eylea (Macular Edema and Macular Degeneration) - Forecast and Market Analysis to 2023 2 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) –
FORECAST AND MARKET ANALYSIS TO 2023
Executive Summary
Table below presents the key metrics of Eylea for
macular edema (ME) and age-related macular
degeneration (AMD) in the seven major
pharmaceutical markets (US, France, Germany,
Italy, Spain, UK, and Japan).
Eylea: Key Metrics in the Seven Major Pharmaceutical Markets
2013 Market Sales
US $1,340m
5EU $441m
Japan $102m
Total $1,883m
Key Events (2013–2023) Level of Impact
Launch of Regeneron/Bayer’s Eylea for DME, US, 5EU (2014), Japan (2015) ↑↑↑
Launch of Regeneron/Bayer’s Eylea for ME-BRVO US (2014), 5EU (2015) ↑↑↑
2023 Market Sales
US $2,628m
5EU $1,583m
Japan $447m
Total $4,657m Source: GlobalData 5EU = France, Germany, Italy, Spain, and UK 7MM= US, France, Germany, Italy, Spain, UK, and Japan AMD = age-related macular degeneration; ME = macular edema
Sales for Eylea in the Macular Edema (ME) and Macular Degeneration (AMD) Market, 2013–2023
GlobalData estimates the drug sales of Eylea to be
$1,883 million across 7MM in 2013. By forecast
end in 2023, sales of Eylea will witness increase to
$4,657 million at a Compound Annual Growth Rate
(CAGR) of 9.5%.
Major drivers for the growth of Eylea in ME and
AMD market over the forecast period include:
Less frequent dosing regimen due to a longer
duration of action.
Decreased risk of adverse events related to
the ITV injection (endophthalmitis, IOP).
Major barrier to the growth of Eylea in ME and
AMD market includes:
Lucentis was ahead of Eylea into all ocular
markets, and many patients will be reluctant to
switch therapies.
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EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) –
FORECAST AND MARKET ANALYSIS TO 2023
Executive Summary
Figure below illustrates the global sales of Eylea
for ME and AMD by region during the forecast
period.
Sales of Eylea for ME and AMD by Region, 2013–2023
71.2%
23.4%
5.4%
US
5EU
Japan
2013Total: $1,883m
56.4%34%
9.6%
2023Total: $4,657m
Source: GlobalData
What Do Physicians Think?
The recent approval of Eylea in the US and in the
EU, will have a significant impact on the DME
market. As such, key opinion leaders (KOLs)
interviewed by GlobalData highlighted the
advantages of Eylea over Lucentis and Avastin,
which are due to Eylea’s less frequent dosing
regimen and anticipate that this drug will gain a
significant share of the DME market.
“I think Eylea will probably do better [than Lucentis]
because it has less frequent injections that seem
to...be more and more attractive….We don’t have
any problem with [Lucentis]. I think that [it] will be
nice to have that [choice].”
OUS Key Opinion Leader
“My gut feeling is that for high-VEGF diseases like
RVOs [retinal vein occlusions] and DME, more
VEGF blockade is better than less VEGF blockade,
and…my feeling is that if they [patients] are
insufficiently responding to Avastin [bevacizumab],
they will still probably have a better response to
Eylea. And so..., Eylea will likely just take over the
DME market very quickly.”
US Key Opinion Leader
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EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) –
FORECAST AND MARKET ANALYSIS TO 2023
Executive Summary
“[Eylea] is not FDA [Food and Drug
Administration]-approved in the US [for DME], and
therefore, it is not covered by insurance….And so,
that’s the present obstacle for my using Eylea for
diabetic macular edema. So, once there is financial
coverage for patients, I fully anticipate using Eylea,
in addition to Lucentis, for DME.”
US Key Opinion Leader
KOLs also highlighted the need for drugs to treat
the geographic atrophy (GA) associated with
progressive dAMD, and recognized this as the
most urgent unmet need within the ME and AMD
markets.
“I think the new market [is] really in dry AMD,
[which is] considered a big clinical unmet need.”
OUS Key Opinion Leader
“The huge unmet need [is in] geographic atrophy,
and that, by far, is, no question, the biggest,
because we have so many patients, well, [who are]
treated [for] wet macular degeneration, with huge
[numbers of] patients [with] geographic atrophy,
and there is growing evidence that suggest[s] that
anti-VEGF treatment compromises all the
circulation and contributes to geographic atrophy.
And so,...that is the one unmet need all around.”
US Key Opinion Leader
KOLs also showed optimism about a new device in
the early stages of commericialization, called
ForeseeHome, which allows AMD patients to
monitor their disease progression at home, thereby
relieving the burden of having regular eye check-
ups, while offering the benefit of detecting any
changes in visual deterioration at the earliest
stage.
“There is this home device that can be used by
some, not all, but some patients with dry macular
degeneration as a means to monitor their vision
and give them a heads up when something may
have changed that suggest[s] wet macular
degeneration has developed. That will prompt
them to go in for an examination, and when this
works correctly, they are then identified with an
earlier onset [of] disease.
US Key Opinion Leader
“The ForeseeHome device, for people who can
afford it, is a way to monitor for new [vision]
distortion at home, and potentially diagnose wet
macular degeneration sooner. But this is very
much for patients who have the wherewithal and
[the] finances to afford that device.”
US Key Opinion Leader
Numerous late-stage pipeline products were
viewed favorably by KOLs, and are expected to
make a significant impact on the market. However,
they viewed other pipeline products with some
skepticism.
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EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) –
FORECAST AND MARKET ANALYSIS TO 2023
Executive Summary
“I am also aware of Iluvien [being] on the
horizon…, but I don’t know exactly where it is in
terms of approval, but I think [it] is to be coming
through fairly soon. That would be very exciting.”
OUS Key Opinion Leader
“I think that the Phase II trial for this drug [Fovista]
was quite good, and if they can replicate that in the
Phase III [studies], then it will be approved. It can
be a little bit difficult, you know. Sometimes when
you go to Phase III, you might lose [a] little bit of
ground, and if that’s the case, it may not get
approved. But I think [there is] at least a 50-50
chance that it will [be approved].”
US Key Opinion Leader
“I think there is some encouraging Phase I clinical
result with an anti-factor D antibody
[lampalizumab]. I think the clinical trial that showed
these results required monthly injections, and
that’s just not feasible in the healthcare system.
So, over the long term, in terms of a [target].”
OUS Key Opinion Leader
“I will be very skeptical [about squalamine]
because thus far, no eye drop has succeeded. You
know several have tried, and [one of] the most
recent ones, pazopanib, got into mouse eyes very
well and had efficacy in mice, but no efficacy in
humans. So, until we see a success with eye
drops, I am going to be quite skeptical.”
US Key Opinion Leader
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Table of Contents
EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) –
FORECAST AND MARKET ANALYSIS TO 2023
1 Table of Contents
1 Table of Contents ....................................................................................................................... 6
1.1 List of Tables ...................................................................................................................... 8
1.2 List of Figures ..................................................................................................................... 9
2 Introduction ............................................................................................................................... 10
2.1 Related Reports ................................................................................................................ 11
3 Disease Overview ..................................................................................................................... 13
3.1 Macular Degeneration Overview ....................................................................................... 13
3.1.1 Etiology and Pathophysiology ....................................................................................... 15
3.1.2 Classification ................................................................................................................. 19
3.1.3 Symptoms and Diagnosis .............................................................................................. 21
3.2 Macular Edema Overview ................................................................................................. 24
3.2.1 Etiology and Pathophysiology ....................................................................................... 25
3.2.2 Classification ................................................................................................................. 28
3.2.3 Symptoms and Diagnosis .............................................................................................. 29
4 Disease Management ............................................................................................................... 32
4.1 Diagnosis and Treatment Overview .................................................................................. 32
4.1.1 Macular Edema Diagnosis............................................................................................. 32
4.1.2 Macular Degeneration Diagnosis................................................................................... 32
4.1.3 Treatment Guidelines and Leading Prescribed Drugs ................................................... 33
4.1.4 Clinical Practice ............................................................................................................. 35
5 Competitive Assessment .......................................................................................................... 49
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Table of Contents
EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) –
FORECAST AND MARKET ANALYSIS TO 2023
5.1 Overview ........................................................................................................................... 49
6 Eylea (aflibercept) ..................................................................................................................... 51
6.1 Overview ........................................................................................................................... 51
6.2 Efficacy – Macular Degeneration....................................................................................... 56
6.3 Efficacy – Macular Edema................................................................................................. 56
6.4 Safety ............................................................................................................................... 58
6.5 SWOT Analysis ................................................................................................................. 60
6.6 Forecast ............................................................................................................................ 60
7 Appendix................................................................................................................................... 62
7.1 Bibliography ...................................................................................................................... 62
7.2 Abbreviations .................................................................................................................... 75
7.3 Methodology ..................................................................................................................... 79
7.4 Forecasting Methodology .................................................................................................. 79
7.4.1 Diagnosed ME and AMD Patients ................................................................................. 79
7.4.2 Percentage of Drug-Treated Patients ............................................................................ 80
7.4.3 General Pricing Assumptions ........................................................................................ 80
7.4.4 Individual Drug Assumptions ......................................................................................... 81
7.5 Primary Research – KOLs Interviewed for this Report ...................................................... 82
7.6 Primary Research – High-Prescribers Survey ................................................................... 83
7.7 About the Authors ............................................................................................................. 84
7.7.1 Analyst .......................................................................................................................... 84
7.7.2 Therapy Area Director ................................................................................................... 84
7.7.3 Global Head of Healthcare ............................................................................................ 85
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Table of Contents
EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) –
FORECAST AND MARKET ANALYSIS TO 2023
7.8 About GlobalData .............................................................................................................. 86
7.9 Disclaimer ......................................................................................................................... 86
1.1 List of Tables
Table 1: ARM System Classification of AMD .................................................................................................. 20
Table 2: Symptoms of AMD ........................................................................................................................... 21
Table 3: National and International Treatment Guidelines for ME and AMD .................................................... 34
Table 4: Most Prescribed Drugs for ME and AMD in the Global Markets, 2013 ............................................... 35
Table 5: Leading Treatments for ME and AMD, 2014 ..................................................................................... 50
Table 6: Approval Dates for Eylea .................................................................................................................. 54
Table 7: Product Profile – Eylea ..................................................................................................................... 55
Table 8: Eylea — Common Adverse Reactions .............................................................................................. 59
Table 9: Eylea SWOT Analysis, 2014 ............................................................................................................ 60
Table 10: Global Sales Forecast ($m) for Eylea, 2013–2023 .......................................................................... 61
Table 11: Surveyed High-Prescribing Physicians (Non-KOLs), by Country ..................................................... 83
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Table of Contents
EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) –
FORECAST AND MARKET ANALYSIS TO 2023
1.2 List of Figures
Figure 1: Anatomy of the Eye and Macula ...................................................................................................... 13
Figure 2: Amsler Grid viewed by Patient with Normal Vision and with wAMD .................................................. 22
Figure 3: Color Fundus Photographs of Dry and Wet AMD............................................................................. 22
Figure 4: FAF Imaging of GA ......................................................................................................................... 23
Figure 5: Imaging of wAMD ........................................................................................................................... 24
Figure 6: CMT in DME ................................................................................................................................... 30
Figure 7: RVOs (BRVO and CRVO) on an FA ................................................................................................ 31
Figure 8: Increased CRT in ME-RVO ............................................................................................................. 31
Figure 9: ME Clinical Treatment Flowchart ..................................................................................................... 41
Figure 10: AMD Clinical Treatment Flowchart ................................................................................................ 48
Figure 11: Eylea’s Clinical Development in DME and ME-BRVO .................................................................... 55
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EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) –
FORECAST AND MARKET ANALYSIS TO 2023
Introduction
2 Introduction
Macular edema (ME) is a condition where fluid and protein deposits accumulate on the macula,
causing it to swell, leading to vision deterioration and loss. There are three main types of ME that
warrant pharmacological treatment: diabetic macular edema (DME), macular edema following
branch retinal vein occlusion (ME-BRVO), and macular edema following central retinal vein
occlusion (ME-CRVO). The main therapy for all three of these indications is anti-vascular
endothelial growth factor (VEGF) therapy; corticosteroids are often used as a second-line therapy.
The ME market is expected to grow significantly over the next decade, and will be driven by
indication expansions of anti-VEGF drugs, Eylea (aflibercept) and Ozurdex (dexamethasone), in
addition to an increasing prevalence in diabetes and its associated complication of DME.
Age-related macular degeneration (AMD) is the leading cause of vision loss among persons ages
50 years and over in the developed world. There are two main types of this retinal disease: wet and
dry AMD. Dry age-related macular degeneration (dAMD) accounts for most patients with this retinal
disease but there are no treatments currently available; however, the more severe type of AMD,
wet age-related macular degeneration (wAMD), is treatable, predominantly with anti-VEGF therapy.
The AMD market is about to enter an exciting phase with the arrival of two novel therapies for
dAMD, as well as the launch of two promising adjunctive therapies for wAMD over the next decade.
The global population is aging rapidly, which is a driver for significant growth in both the ME and
AMD markets.
The catalysts and objectives for this report are to:
Assess the impact Eylea (aflibercept) will have on Lucentis’ (ranibizumab) global and national
market shares for ME and AMD
Evaluate the role that corticosteroid implants will have within the DME market
Assess the significance of the late-stage pipeline products entering the ME and AMD markets,
and evaluate how these products will impact the future treatment landscape
Highlight the significant unmet needs in the ME and AMD markets
Identify any remaining opportunities in the ME and AMD markets
The ME market is expected to grow significantly over the next decade, and will be driven by indication expansions of anti-VEGF drugs, Eylea (aflibercept) and Ozurdex (dexamethasone), in addition to an increasing prevalence in diabetes and its associated complication of DME.
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EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) –
FORECAST AND MARKET ANALYSIS TO 2023
Introduction
2.1 Related Reports
GlobalData (2014). Opportunity Analyzer: Allergic Conjunctivitis – Opportunity Analysis and
Forecasts to 2018, August 2014, GDHC030POA
GlobalData (2013). Opportunity Analyzer: Uveitis – Opportunity Analysis and Forecasts to
2017, December 2013, GDHC008POA
GlobalData (2013). PharmaPoint: Dry Eye Syndrome – Global Drug Forecast and Market
Analysis to 2022, May 2013, GDHC26PIDR
GlobalData (2014). PharmaPoint: Macular Edema and Macular Degeneration – Global Drug
Forecast and Market Analyst to 2023, October 2014, GDHC111PIDR
GlobalData (2014). Macular Edema and Macular Degeneration – US Drug Forecast and
Market Analysis to 2023, October 2014, GDHC261CFR
GlobalData (2014). Macular Edema and Macular Degeneration – 5EU Drug Forecast and
Market Analysis to 2023, October 2014, GDHC262CFR
GlobalData (2014). Macular Edema and Macular Degeneration – Japan Drug Forecast and
Market Analysis to 2023, October 2014, GDHC263CFR
GlobalData (2014). Lucentis (Macular Edema and Macular Degeneration) – Forecast and
Market Analysis to 2023, October 2014, GDHC480DFR
GlobalData (2014). Avastin (Macular Edema and Macular Degeneration) – Forecast and
Market Analysis to 2023, October 2014, GDHC481DFR
GlobalData (2014). Visudyne (Macular Edema and Macular Degeneration) – Forecast and
Market Analysis to 2023, October 2014, GDHC483DFR
GlobalData (2014). Corticosteroid Implants (Macular Edema and Macular Degeneration) –
Forecast and Market Analysis to 2023, October 2014, GDHC484DFR
GlobalData (2014). Abicipar pegol (Macular Edema and Macular Degeneration) – Forecast and
Market Analysis to 2023, October 2014, GDHC485DFR
GlobalData (2014). Fovista (Macular Edema and Macular Degeneration) – Forecast and
Market Analysis to 2023, October 2014, GDHC486DFR
Eylea (Macular Edema and Macular Degeneration) - Forecast and Market Analysis to 2023 12 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) –
FORECAST AND MARKET ANALYSIS TO 2023
Introduction
GlobalData (2014). Squalamine (Macular Edema and Macular Degeneration) – Forecast and
Market Analysis to 2023, October 2014, GDHC487DFR
GlobalData (2014). Lampalizumab (Macular Edema and Macular Degeneration) – Forecast
and Market Analysis to 2023, October 2014, GDHC488DFR
GlobalData (2014). Emixustat (Macular Edema and Macular Degeneration) – Forecast and
Market Analysis to 2023, October 2014, GDHC489DFR
GlobalData (2014). Optina (Macular Edema and Macular Degeneration) – Forecast and Market
Analysis to 2023, October 2014, GDHC490DFR
GlobalData (2014). DE-102 (Macular Edema and Macular Degeneration) – Forecast and
Market Analysis to 2023, October 2014, GDHC491DFR
GlobalData (2014). Macular Edema and Macular Degeneration – Current and Future Players,
October 2014, GDHC1040FPR
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Appendix
EYLEA (MACULAR EDEMA AND MACULAR DEGENERATION) –
FORECAST AND MARKET ANALYSIS TO 2023
7.8 About GlobalData
GlobalData is a leading global provider of business intelligence in the healthcare industry.
GlobalData provides its clients with up-to-date information and analysis on the latest developments
in drug research, disease analysis, and clinical research, and development. Our integrated
business intelligence solutions include a range of interactive online databases, analytical tools,
reports, and forecasts. Our analysis is supported by a 24/7 client support and analyst team.
GlobalData has offices in New York, San Francisco, Boston, London, India, Korea, Japan,
Singapore, and Australia.
7.9 Disclaimer
All Rights Reserved.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any
form by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior
permission of the publisher, GlobalData.